AMZA

InfraCap MLP ETF

InfraCap Active MLP ETF is an exchange-traded fund incorporated in the USA. The Fund seeks total return primarily through investments in equity securities of publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs").


US

EQUITY

Active

MANAGEMENT STYLE

393.2 M

ASSETS UNDER MGMT

164 bp

EXPENSES
Fund Basics
Fund sponsorETFis Capital LLC
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 01, 2014
Assets (mns)$393
Expense ratio164 bp
CurrencyUSD
Sector Breakdown
Fund Structure
Regulation
DistributionsMonthly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
PLAINS ALL AMER PIPELINE LP 17.8 %
MPLX LP 16.5 %
ENERGY TRANSFER, L.P. 16.3 %
WESTERN GAS EQUITY PARTNERS LP 14.9 %
ENTERPRISE PRODUCTS PARTNERS 14.5 %
SUNOCO LP 13.8 %
ENLINK MIDSTREAM LLC 6.5 %
CHENIERE ENERGY PARTNERS LP 6.0 %
HESS MIDSTREAM LP - CLASS A 4.4 %
GENESIS ENERGY L.P. 2.6 %
Constituent Breakdown
Number of holdings68
Herfindahl-Hirschman Index 1,598
Wgt avg mkt cap (mns)$41,707
Large cap (>$10bn)76.1%
Mid cap ($2-10bn)16.4%
Small cap (<$2bn)4.3%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 125.6 %
CANADA 2.0 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 42.0% 35.4% 29.1% 35.3% 15.1% -1.6% -1.6%
Volatility 18.8% 19.2% 20.3% 26.4% 47.5% 41.5% --
Market Correlations
versus...BetaR-squared
S&P 5000.8535%
MSCI EAFE0.6118%
MSCI Emg Mkts0.314%
Liquidity Measures
Avg. volume (000)35
Turnover0.4%
Avg. Bid/Ask (% of price)0.41%
ADV of underlying (mns)$3,596
Technical Indicators
Recent close$41.65
30d moving avg.$44.87
Annualized volatility25.1%
Relative strength (RSI)45
Short interest (ETF)0.4%
Short interest (underlying)2.3%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: AMZA vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.5 11.4 2.5 7.3% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
AMZA



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

AMZA

4.8%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.6%. AMZA's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places AMZA in the 37th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

AMZA
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
AMZA (164 bp) Percentile rank 99
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
AMZA 164.0 40.8 204.8
Peer Avg. 66.5 47.6 114.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .